RA Capital Management, LP

Institutional venture firmSEC-registered adviserClassification probable· Boston, MassachusettsRACAP.COM

RA Capital is an evidence-based, multi-stage healthcare and planetary health investor and company builder inventing a healthier future.

In the firm's own words, from its website.

Reported fund assets
$1.8B
sum of its funds' Form ADV filings, last 30 months
New companies, 12 mo
8
Investment team
89
Latest vintage
2023
As of · the latest observation of this organization; filed figures are as of its latest Form ADV

127 additional team members, 37 additional co-investors and affiliates, 170 additional investments, funds and LPs, 24 events, 30 verified contacts (23 professional url, 4 general firm email, 2 published business email, 1 firm phone)

Every relationship, signal and contact on this record, with the source on each.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

What matters now

  1. 8 companies
    new in 12 months

    8 new companies in the last 12 months.

    A firm writing cheques this quarter is one a founder can pitch now.

    Factfunding announcements, Form D, the firm's portfolio pageFor Founders, co-investorsInvestments →
  2. 1 company
    portfolio raising

    One portfolio company has new financing on record in 6 months without this firm named on the round; the latest on 29 May 2026 ($55.8M sold on Form D).

    A portfolio company raising again is a follow-on decision for the firm and a co-investment opening for others.

    FactSEC Form D filingsFor Co-investors, LPs, lendersInvestments →
  3. 1 departure
    people, 12 months

    A team member departed (seen on or before 1 Oct 2026, the day it happened is not on record).

    A partner leaving or arriving changes who decides, and who a founder or LP should call.

    InferenceVenture organization websites (about, team, portfolio, thesis, news pages)For Founders, LPs, recruitersTeam →
  4. 2 of 4
    enter at seed or A

    Enters mostly at seed to Series A: 2 of 4 first entries on record, in line with the seed, growth, multi stage stage its site states.

    rounds to 9 Sep 2026 · Tells a founder whether their round is one this firm writes.

    Derived4 rounds with a stated stage, against the firm's siteFor FoundersInvestments →

People to know

View all people
  • Managing Partner
    Why: Managing partner: runs the firm
    No route on file yet
  • Managing Partner
    Why: Managing partner: runs the firm
    No route on file yet
  • Managing Partner
    Why: Managing partner: runs the firm
    No route on file yet

Relationship network

363 connected entities23 observed rounds5 repeat counterparties2 dated rounds shown here, 2024 to 2026

From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.

Some relationships on this record are counted rather than named here. They open with the full profile.

Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.

What stands out
Reading the network
  • Sponsor
  • Company
  • Fund or vehicle
  • Person
›How strength and recency are read

Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.

Darker lines were active in the last 24 months or are current; lighter lines are older or undated.

How am I connected?

Name your firm, a company or a person, and DFX finds the published routes to RA Capital Management, LP: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.

See how you connect to RA Capital Management, LP

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Investing

169 companies on record, 8 new in 12 months

Investments on record

169 companies, 22 partner-attributed
CompanyRoundRolePartnerRound sizeThis investorDateSource
89 Bio Portco Hoverportfolio listingunknownunknownunknownunknownOct 1, 2026Fact Firm website
Abcuro Portco Hover smportfolio listingunknownunknownunknownunknownOct 1, 2026Fact Firm website
Aclaris Portco Hoverportfolio listingunknownunknownunknownunknownOct 1, 2026Fact Firm website

Stated thesis versus observed behaviour

184 observed deals
Stated (the firm’s website)
Sectors
enterprise software, healthcare, biotech, industrial, media
Stages
seed, growth, multi stage
Geography
not stated
Check size
not stated; DFX does not estimate checks from round sizes
Observed (from deals on record)
Stage at participation
series a 50%series b 50%
Stage at first entry
series a 50%series b 50%
Industries, each company once
Life sciences (10)Healthcare services (1)
lead rate 50%follow-on rate 22%new companies, 12 months 8

Team

128 current, 8 departed

Decision makers

who to call first, and why; then everyone else by function
  • Kyle Teamey · Managing Partner
    Why this person: Managing partner: runs the firm; Named with investment responsibility
  • Peter Kolchinsky · Managing Partner
    Why this person: Managing partner: runs the firm; Named with investment responsibility
  • Rajeev Shah · Managing Partner
    Why this person: Managing partner: runs the firm; Named with investment responsibility

Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.

Investment team

128 current, 8 departed
8 departed (kept with end dates)

Contacts

4 general firm email, 2 published business email, 1 firm phone, 23 professional url

4 general firm email, 2 published business email, 1 firm phone, 23 professional url on record, each with its source. Values open with the complete profile.

Funds and LPs

7 vehicles, 0 LPs disclosed

Funds and vehicles

7 reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
RA Capital Planetary Health Fund, LPFund2023 form d first saleFundraising$118M
Mar 31, 2026
32$122MJul 22, 2025
RA Capital Planetary Health International Fund, L.P.Fund2023 form d first saleFundraisingunknownunknown$30.3MJul 22, 2025
RA Capital Nexus III Fund, L.P.Fund2021 form d first saleMature$972M
Mar 31, 2026
234$881MOct 6, 2021

Limited partners

0 LPs, 0 disclosed commitments
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.

Known LPs and allocators

2 relationships across the firm's funds, from public pensions and the allocator graph
AllocatorTypeFundAmountDateSource
Hillman Family FoundationsFOUNDATIONRA Capital Nexus Fund , L.P.$3.9M
fair value on the foundation's return
reported as of Dec 31, 2024Fact IRS Form 990 / 990-PF e-file returns
The Grantham Foundation for the Protection of the EnvironmentFOUNDATIONRA Capital Planetary Health Fund, LP$307,550
fair value on the foundation's return
reported as of Dec 31, 2024Fact IRS Form 990 / 990-PF e-file returns

Relationships across DFX

63 co-investors · on 2 other DFX graphs

Co-investors

63 counted from shared deals, for the whole firm
Across DFX and the capital chainon 2 other DFX graphs · 2 capital paths Show
Across DFX
  • The same institution is held on RIA and Wealth, Allocators, matched by identifier. See which records
Across the graphs

RA Capital Management, LP is the same institution as 2 records in RIA and Wealth and Allocators.

RIA and Wealth1Allocators1

DFX found 2 relationships across 2 datasets

Which record it is in each graph, what it is called there, and how the two were matched.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Checking your plan…

Capital chain

RA Capital Management, LP sits on 2 traced paths of capital across the graphs.

Allocator commitments to a manager

DFX traced 2 paths of capital through this record

Every record on each path, what it committed or lent, and as of when.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.

Checking your plan…

Evidence and history

29 dated events, 94 observations from 3 sources

Timeline

29 dated events
  1. seen on or beforeOct 1, 2026
    Eli Daniel (Head of Engineering and AI) no longer on the team page of RA Capital Management, LP
    Person leftPeopleInferenceEli DanielFirm website
  2. Mar 31, 2026
    RA Capital Nexus Fund IV, L.P. first reported on Form ADV by RA Capital Management, LP (Venture Capital Fund), GAV $195,721,117
    Fund first reported on Form ADVFundsInferenceRA Capital Nexus Fund IV, L.P.Form ADV
  3. Apr 23, 2025
    RA Capital Management, LP filed the first Form D for RA Capital Nexus Fund IV, L.P. (fund 4), its next fund after RA Capital Nexus III Fund, L.P. (vintage 2021)
    Fund next filedderived signalInferenceRA Capital Nexus Fund IV, L.P.
  4. Mar 29, 2024
    Pieter James Alexander Boelhouwer (Managing Director Of Strategy And Operations) no longer on Schedule A of RA Capital Management, LP
  5. Nov 29, 2023
    RA Capital Planetary Health Fund, LP first reported on Form ADV by RA Capital Management, LP (Venture Capital Fund), GAV $10,489,245
    Fund first reported on Form ADVFundsFactRA Capital Planetary Health Fund, LPForm ADV

Identity and regulatory footprint

Address, phone, Form ADV filing and ownersForm ADV filed Mar 31, 2026 · 6 private fundsShow
Headquarters
Boston, MAadviserinfo.sec.gov
Office address
unknownadviserinfo.sec.gov
Business phone
unknownadviserinfo.sec.gov
Website
RACAP.COM
SEC adviser type
Registered investment adviseradviserinfo.sec.gov
SEC exemption claimed
unknown
Latest Form ADV
Mar 31, 2026
Private funds reported
6 (5 venture capital funds)adviserinfo.sec.gov
Private fund gross assets, adviser total
$16Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Regulatory AUM
$16Bthe adviser's RAUM, a regulatory measure, never a fund size
Employees
185
Owners on Schedule A
Peter Kolchinsky Revocable Trust (Partner), owns 50% to 75%; Rajeev M. Shah Family Revocable Trust (Partner), owns 10% to 25%

Classification history

Every classification this record has carried3 on recordShow
  1. Sep 23, 2026
    Institutional venture firm (probable, 80%)
    Venture manager, reported GAV $1.8B across 7 vehicles
  2. Sep 12, 2026
    Institutional venture firm (probable, 80%)
    Venture manager, reported GAV $1.9B across 7 vehicles
  3. Sep 12, 2026
    Institutional venture firm (probable, 80%)
    Venture manager, reported GAV $1.9B across 4 vehicles

Evidence

95 observations from 3 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
Why admittedVC funds reportedMar 31, 2026FactForm ADV
SEC adviser typeRegistered investment adviserMar 31, 2026FactForm ADV
SEC adviser typeRegistered investment adviserMar 31, 2026FactForm ADV
SEC adviser typeRegistered investment adviserMar 29, 2024FactForm ADV
First Form ADV filing2012-02-14Mar 31, 2026FactForm ADV
First Form ADV filing2012-02-14Mar 29, 2024FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-30Oct 1, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-29Sep 30, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-25Sep 26, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-23Sep 24, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-21Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-22Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1Sep 12, 2026FactForm ADV
Latest Form ADV filing2026-03-31Mar 31, 2026FactForm ADV
Latest Form ADV filing2026-03-31Mar 31, 2026FactForm ADV
Latest Form ADV filing2024-03-29Mar 29, 2024FactForm ADV
SEC statusApprovedMar 31, 2026FactForm ADV
SEC status effective2012-03-30Mar 31, 2026FactForm ADV
Venture share of reported funds1Mar 31, 2026FactForm ADV
Venture share of reported funds1Mar 29, 2024FactForm ADV
Business phoneMar 31, 2026FactForm ADV
Business phoneMar 29, 2024FactForm ADV
Contact page urlOct 1, 2026Fact
Contact page urlSep 16, 2026Fact
DescriptionOct 1, 2026Fact
DescriptionSep 16, 2026Fact
DescriptionSep 15, 2026Fact
Employees185Mar 31, 2026FactForm ADV
Employees130Mar 29, 2024FactForm ADV
HeadquartersMar 31, 2026FactForm ADV
HeadquartersMar 29, 2024FactForm ADV
Office addressMar 31, 2026FactForm ADV
Office addressMar 29, 2024FactForm ADV
Legal formLimited PartnershipMar 31, 2026FactForm ADV
Portfolio pageOct 1, 2026Fact
Portfolio pageSep 16, 2026Fact
Portfolio pageSep 15, 2026Fact
Private funds reported6Mar 31, 2026FactForm ADV
Private funds reported6Mar 31, 2026FactForm ADV
Private funds reported5Mar 29, 2024FactForm ADV
Private fund gross assets (reported)$16BMar 31, 2026FactForm ADV
Private fund gross assets (reported)$16BMar 31, 2026FactForm ADV
Private fund gross assets (reported)$11BMar 29, 2024FactForm ADV
Regulatory AUM (adviser, not fund size)$16BMar 31, 2026FactForm ADV
Regulatory AUM (adviser, not fund size)$11BMar 29, 2024FactForm ADV
Schedule a diffsadiff-1Sep 29, 2026FactForm ADV
Stated sectorsEnterprise software, healthcare, biotech, industrial, media
“sector words on the home page”
Oct 1, 2026Fact
Stated sectorsEnterprise software, healthcare, biotech, industrial, media
“sector words on the home page”
Sep 16, 2026Fact
Stated sectorsEnterprise software, healthcare, biotech, industrial, media
“sector words on the home page”
Sep 15, 2026Fact
Stated stagesSeed, growth, multi stage
“stage words on the home page”
Oct 1, 2026Fact
Stated stagesSeed, growth, multi stage
“stage words on the home page”
Sep 16, 2026Fact
Stated stagesSeed, growth, multi stage
“stage words on the home page”
Sep 15, 2026Fact
Team pageOct 1, 2026Fact
Team pageSep 16, 2026Fact
Team pageSep 15, 2026Fact
Venture funds reported5Mar 31, 2026FactForm ADV
Venture funds reported5Mar 31, 2026FactForm ADV
Venture funds reported4Mar 29, 2024FactForm ADV
WebsiteMar 31, 2026FactForm ADV
WebsiteMar 29, 2024FactForm ADV
Site titleOct 1, 2026Fact
Site titleSep 16, 2026Fact
Site titleSep 15, 2026Fact
How this is scored
Scores, classification basis and filing advisersInstitutional venture firm, probableShow
Importance
75
high
Active deployment
55
elevated
Emerging
0
low
Freshness
100
high
Institutional venture firm · probableSEC registered investment adviser

Venture manager, reported GAV $1.8B across 7 vehicles

The inputs behind each score
importance
gav: 0.68 · funds: 0.58 · people: 1 · investments: 0.84 · co investors: 0.73
active deployment
investments 12m: 1 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 1 · latest investment at: 2026-09-21
emerging manager
fund count: 7 · reported gav: $1.8B · first adv filing: 2012-02-14 · years since first filing: 14.6

Fits, record history and connections

scored matches for this investor, every identity change, every edge

Fits

7 scored matches, best firstas of
  • score 56.5confidence 100%
    Why: sector fit; stage fit; activity; analogous
    Watch: adjacent portfolio
  • score 42.3confidence 100%
    Why: sector fit; geography fit; activity; analogous
    Watch: adjacent portfolio
  • score 42.3confidence 100%
    Why: sector fit; geography fit; activity; analogous
    Watch: adjacent portfolio

+4 more scored matches

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Scored by DFX match engines from the record's observed portfolio, stage, geography and recent activity. A fit is a reason to look, not a mandate; the blockers say what the model could not confirm. Names and the evidence sentences show with the names on this page.

Record history

1 identity change, 1 dated event on the change ledger, latest event first
  • Event retracted
    2026-10-01
  • Adviser's first ADV filing
    2012-02-14source on record

The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.